Benefits of Holding pstAVAX

While pstAVAX holders forgo staking yield, they gain direct exposure to the growth and success of the Hypha protocol itself through additional incentives and perks directly from Hypha.

The primary benefit for holding pstAVAX is eligibility for direct rewards, starting with a significant token airdrop.

The Early TVL Fair Launch Program

The first major incentive for pstAVAX holders is the Early TVL Fair Launch Program, a key part of the L1 Season campaign.

This program is designed to bootstrap the first $100 million in Total Value Locked (TVL) for pstAVAX and airdrops 3.5% of the total HYPHA token supply to these early supporters.

The program is structured in four tiers, with rewards being higher for earlier depositors:

• First $25m of TVL: Rewards at the highest rate (5 bps for every 1m).

• $25m to $50m of TVL: Rewards at the second-highest rate (4 bps for every 1m).

• $50m to $75m of TVL: Rewards at the third-highest rate (3 bps for every 1m).

• $75m to $100m of TVL: Rewards at the fourth-highest rate (2 bps for every 1m).

Airdrop Vesting: The resulting airdrop for participants will be 50% unlocked at the token launch, with the remaining 50% vesting linearly over the following 6 months.